Just like a bank account, if you can see on-line where your money is going then you can better avoid overdrawing your account. For your credit report, if you can see when a negative remark hits your credit report you can make sure to fix it so that it does not report negative again. If a fraudulent remark is reported on your report then you can also dispute the claim sooner so that it doesn’t affect your report long term. Consumers have the right to know exactly what is being told about them from business to business. If it is going to affect their lives in such a great way then they should be allowed to view their report free of charge any time they
I understand your concern for the financial statements. Thank you for the questions you asked concerning the effect on your financial statements if you lost the lawsuit. You have various questions regarding the mortgage, Chapter 11, patent impairment, and contingencies in the event Fabrikam lose the lawsuit. Filing Chapter 11 does not forgive debts. Rather, it only reorganizes debts and formats them for you to repay over time.
Due to the business having such high risk liabilities it needs to be an entity in and of itself which is what this type of incorporation will allow. The process is quite simple to be incorporated; the proper paper work must be filled with the secretary of state where the business is established. When a business is incorporated as a C-corporation it becomes an entity of itself and no longer is financially tied to the owner/s. The client was very concerned about the many liabilities that the company could possibly face. As a C-corporation the business, not the owner, would be held liable for any financial damages.
The restructuring of Auto World will have an impact on their current earnings and the store closures need to be properly disclosed. FASB ASC has specific guidelines that must be followed to report discontinued operations. According to numerous ASCs, Auto World’s closures of the Pit Stop Centers should not be reported as discontinued operations in Auto World’s second quarter financial statements. Rather than being reported as discontinued operations, the Pit Stop Center stores should be considered as continuation of operations. An entity that is classified as disposed or held for sale, under ASC 360-10-45-9, should be reported as discontinued operations, under ASC 205-20-45-3, when the two conditions under ASC 205-20-45-1 are met.
I recommend the company should respond to the former employee’s charge of constructive discharge by first apologizing. This former employee has had a negative impact on their life do to our company, and an apology would not hurt the situation. The government has various laws and statues pertaining to constructive discharge, management needs to avoid anything that could be misconstrued as discrimination in the work place. Alternative Dispute Resolution (ADR) refers to processes and techniques of resolving disputes that fall outside of the judicial process (Alernative Dispute Resolution Law & Legal Definintion, 2011). Legally, this could save the company bad publicity, a great amount of stress, and money that isn’t necessary to spend.
Running Head: THE LIFE OF HENRY FORD The Life Henry Ford By: Shayne of Campbell Composition I Instructor: Mr. Cameron Chambers ITT Technical Institute Due: 11-21-2011 Abstract One of the greatest entrepreneurs that change history and help pave the way we live today. This man was Henry Ford. Henry Ford's invention of the automobile change the way we traveled made it necessary for highways. His life's hardships and determination makes him one of the most intriguing entrepreneurs in American history. The creation of Ford Motor Company changed the way businesses were run at that time.
Ford Motor Company not only survived the financial crisis of 2008/2009, which had pushed General Motors and Chrysler into bankruptcy, but also emerged as a robustly competitive member of the world’s leading auto producers. However, Ford’s ability to sustain its strong financial performance depends critically on the state of the world’s automobile industry (Grant). Synopsis of the Case For decades, through the boom and bust years of the 20th century, the American automotive industry had an immense impact on the domestic economy. The number of new cars sold annually was a reliable indicator of the nation's economic health. (Davis) Relevant Factual Information about the Problem or Decision the Organization Faced The collapse in industry profitability in 2007–2009 and the bankruptcies of General Motors and Chrysler were not simply consequences of the financial crisis.
Parts Emporium Contents Abstract 2 Introduction 3 Company Profile 3 Problem Statement 4 Solution 1: 4 Calculations 6 Solution 2: 9 Conclusion 11 Abstract Parts Emporium, Inc., is the largest independent distributor of automobile parts in the North Central region. Parts Emporium has an inventory management system in order to plan and control their inventories to meet the competitive priorities of the organization and the demands of the customers. Parts Emporium currently uses a periodic review system (fixed interval order system) in order to manage their inventories. Even though the warehouse utilization of Parts Emporium has increased, their sales stopped growing and became dormant. This is due to an ineffective inventory management system.
However, if everything came together appropriately, Goldstein could forcibly close the discount and earn an exceptional return when he has free reign over the fund’s strategy. Getting into this position is very difficult for an activist investor such as Goldstein because it required pleasing many parties with conflicting interests. Management of the funds would be reluctant to reduce the fund size in any way as it would cut into their annual fees. Shareholders were most interested in an effective return on their investments. And, investors in
BAP26 Principles of maintaining stationery stock? 1.1. Explain the purpose of making sure stationery stock is maintained and controlled? If you haven't got enough stock in you could end up missing deadlines and just wasting time for yourself and other members of staff, could even lose money by not having enough stock. You need to make sure stationery is controlled because you could have someone using far too much because they are taking stuff home for themselves, but you have to make sure if there's things out of date that you don't use.